Cultivate Care Farms
EIN: 821121266 · Bolton, MA · NTEE: F30
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $851K |
| Net Assets | $437K |
Is Cultivate Care Farms Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cultivate Care Farms
Cultivate Care Farms (EIN: 821121266) is a nonprofit organization based in Bolton, MA, classified under NTEE code F30. The organization reported total revenue of $1.2M and total assets of $531K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cultivate Care Farms's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cultivate Care Farms is a mid-size nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 42.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $804K |
| Total Expenses | $851K |
| Surplus / Deficit | $-46,937 |
| Total Assets | $536K |
| Total Liabilities | $99K |
| Net Assets | $437K |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 18.5% |
| Months of Reserves | 7.6 months |
Financial Health Grade: B
In 2023, Cultivate Care Farms reported a deficit of $47K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 18.5% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Cultivate Care Farms's revenue has grown at a compound annual growth rate (CAGR) of 42.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.5% | +20.6% | -11.2% |
| 2022 | +50.3% | +35.1% | +144.4% |
| 2021 | +28.2% | +41.3% | +24.9% |
| 2020 | +39.8% | +7.3% | +411.9% |
| 2019 | +78.7% | +52.0% | +82.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cultivate Care Farms has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cultivate Care Farms with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.5%.
Frequently Asked Questions about Cultivate Care Farms
Is Cultivate Care Farms a legitimate charity?
Based on AI analysis of IRS 990 filings, Cultivate Care Farms (EIN: 821121266) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cultivate Care Farms spend its money?
Detailed spending breakdown data is not yet available for Cultivate Care Farms. Check back for updated IRS 990 analysis.
Are donations to Cultivate Care Farms tax-deductible?
Cultivate Care Farms is registered as a tax-exempt nonprofit (EIN: 821121266). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cultivate Care Farms located?
Cultivate Care Farms is headquartered in Bolton, Massachusetts and files with the IRS under EIN 821121266. It is classified under NTEE code F30.
How many years of IRS 990 filings does Cultivate Care Farms have?
Cultivate Care Farms has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for Cultivate Care Farms showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Cultivate Care Farms's revenue has grown by 721.7%, moving from $98K to $804K. Total assets increased by 4116.3% over the same period, from $13K to $536K. Total functional expenses rose by 716.7%, from $104K to $851K. In its most recent filing year (2023), Cultivate Care Farms reported a deficit of $47K, with expenses exceeding revenue. The organization holds $99K in liabilities against $536K in assets (debt-to-asset ratio: 18.5%), resulting in net assets of $437K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $804K | $851K | $536K | $99K | — | — |
| 2022 | $963K | $706K | $604K | $120K | — | — |
| 2021 | $640K | $522K | $247K | $20K | — | View 990 |
| 2020 | $499K | $370K | $198K | $89K | — | — |
| 2019 | $357K | $345K | $39K | $59K | — | View 990 |
| 2018 | $200K | $227K | $21K | $54K | — | View 990 |
| 2017 | $98K | $104K | $13K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $804K, expenses of $851K, and assets of $536K (revenue -16.5% year-over-year).
- 2022: Revenue of $963K, expenses of $706K, and assets of $604K (revenue +50.3% year-over-year).
- 2021: Revenue of $640K, expenses of $522K, and assets of $247K (revenue +28.2% year-over-year).
- 2020: Revenue of $499K, expenses of $370K, and assets of $198K (revenue +39.8% year-over-year).
- 2019: Revenue of $357K, expenses of $345K, and assets of $39K (revenue +78.7% year-over-year).
- 2018: Revenue of $200K, expenses of $227K, and assets of $21K (revenue +104.3% year-over-year).
- 2017: Revenue of $98K, expenses of $104K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cultivate Care Farms:
Data Sources and Methodology
This transparency report for Cultivate Care Farms is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.